News Releases

ACE USA Launches Catastrophe Management Lead Umbrella Product
Apr 25, 2007

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the launch of the ACE USA Catastrophe Management Lead Umbrella product. This coverage, available for ACE Excess Casualtys lead umbrella policies, provides advance funding directly to third-parties for managing threats to an organizations reputation and other expenses related to a catastrophic event.

The ACE USA Catastrophic Management Lead Umbrella product offers annual limits beginning at $50,000, with higher options available up to $250,000. Catastrophic events include man-made disasters such as explosions, major crashes or contamination stemming from food, drink or other consumer products, resulting in damages that would be covered by the ACE USA Umbrella Liability Policy. This product is targeted to owners of manufacturing facilities and available for all types of risks. This coverage can be complemented with catastrophe claim administration and crisis response management services available for purchase from ESIS, Inc. (ESIS).

As a leader in providing risk management solutions to meet the evolving needs of our clients, we are pleased to combine our ability to tailor umbrella and excess programs to provide a unique option to those insureds facing reputational threats arising from catastrophic events with the strength of ESIS Catastrophe Management Services, said Connie Germano, Senior Vice President, ACE Excess Casualty, part of ACE Casualty Risk. This coverage allows our clients to obtain the necessary public relations counsel they need to communicate to the media and assist in restoring public confidence, while they dedicate their time to managing the material affects of catastrophe.

Protecting your reputation while managing your response to a catastrophic event can be a daunting task. We recommend companies take a comprehensive approach when choosing coverage and services. Its the backbone of a good program, said Lori Brassell-Cicchini, Assistant Vice President, ESIS Catastrophe Services.

Covered costs currently available through the ACE USA Catastrophe Management Product include:*

  • Expenses to secure the scene and provide a PR firm to manage the new crisis management event
  • Medical expenses
  • Funeral expenses
  • Psychological counseling
  • Travel expenses
  • Temporary living expenses

Services currently available through ESIS Catastrophe Services include:**

  • 24/7 claims response and management services
  • Dedicated notification at 1 877-ESIS123
  • Dedicated and experienced crisis managers and claim professionals
  • Customized reporting

ACE Casualty Risk, a division of ACE USA, specializes in lead umbrella and excess liability, custom primary casualty, construction, environmental liability, public entity, and middle market workers compensation insurance products and services, which are primarily distributed through the retail brokerage community to the commercial market.

* Product highlights are summaries only; please see actual policy for terms and conditions. To review additional product features and check submission requirements, or contact Connie.Germano@ace-ina.com. For more information about ACE Casualty risk and its range of products and services, please visit www.ace-ina.com.

** Time and Expense rates apply

For more information about ESIS Catastrophe Management Services please call Lori Brassell-Cicchini at 916-939-6857 or lori.brassel-cicchini@esis.com.

Organized in 1953, ESIS, Inc. (ESIS) provides sophisticated risk management services designed to help reduce our clients total cost of loss. ESIS takes a holistic approach that blends people, process and technology to offer programs that are customized to meet each clients needs. ESIS is part of ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE:ACE). ACE USA is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poors. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information about ACE USA and its products and services can be found at www.ace-ina.com. Additional information about ESIS, Inc. and its products and services can be found at www.esis.com.

 

Contact:

ACE North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@ace-ina.com


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